In appropriate cases Pre-deposit of 50% of decretal amount before DRAT can be reduced

Kotak Mahindra Bank Pvt. Limited Vs Ambuj A. Kasliwal & Ors (Supreme Court)

The extracted portion indicates that the High Court has proceeded at a tangent while adverting to the aspect of recovery made towards the loan amount from the land acquisition compensation payable to respondent No.3. The conclusion appears to be that the receipt of the compensation amount even though was before passing of the decree, would wipe out the decretal amount of Rs. 145 Crores with interest at 9% per annum, though it has

Please become a Premium member. If you are already a Premium member, login here to access the full content.